05 March 2021
Any amount or property received from relatives is exempted from tax. Relatives include mother, father, brother, sister, son, daughter etc.. So, Yes u can give.
The income she is going to earn from the gift u give is taxable. But since she is a senior citizen, it will be covered under basic exemption limit.
Crux is u can give any amount to ur Parents and it is not subjected to tax.